Jack Phillips
Need help with mortgages, liens, etc
So I have a hypothetical situation:
Lets say a properties ARV is $550k,
Repairs are $75k,
And Wholesale Fee is $10k.
Using the mao formula:
$550,000*80%-Repairs-Wholesale Fee = MAO of $355k
When I am making my...
Account Closed
Questions on Real Estate Tax Strategy or Investing
As a specialized real estate CPA, I'm here to provide expert guidance on your most complex tax matters, from navigating 1031 exchanges and cost segregation studies to optimizing your rental property deductions and han...
Alex U.
Real estate professional status
Most people know about the STR RE professional loophole. If you are developing ground up construction and have another w2...would that qualify yours a RE professional?
Nazar Trilisky
Private Lending Risks and Mitigation
Are both a Promissory Note as well as a Deed of Trust needed for a small private loan (~10% of single-family house cost)? I've gotten two "yes" and two "no" responses regarding the need for a Deed of Trust. All four...
Ken Olson
Could use some advice - LLC taxed as S-corp
I hope everyone is and remains healthy and safe during these challenging times....
I'm a first time flipper and I could use some help/advice. I've spent considerable time trying to get answers on my own but haven'...
Jose Diaz
Selecting area to wholesale in
I have been reading and listening to the podcast here on BP. How can I begin to select an area that would be good to invest in? What factors should I look at to help narrow down an area?
Kyle Kovats
Hiring a Full-Time Underwriter
Has anyone here hired a full-time underwriter for their team? I don’t mean a VA from the Philippines to plug some numbers but rather a truly experienced skilled underwriter who understands how to A) underwrite multi-f...
Josh Prihoda
Utilities in vacant unit?
I have a small 6 unit apartment. Water/sewer/trash is all together, so that will stay on.I have a tenant lined up to move in already at the middle of next month, make ready is basically done. Previous tenant electrici...
Brad Sparks
First time rental inspection
How do you handle rental inspections? I'm starting to get weekly call about this and that so I want to see for myself what's going on there. How much notice should I give?Can I take pictures of the house? I'm having...
Christopher Castillo
DFW general contractors
Hello, everyone
My business partner and I are new to REI and and still learning. Just wanted to know what are good ways to find realiable contractors for fix and flips?